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Signature Bank
President Biden claims American banking system remains safe following collapse of two US banks, blames Trump administration for crisis
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Silicon Valley Bank and Signature Bank in America collapsed earlier this month which has raised concern among customers who hold their money in other similar-sized banks.
‘Those who invested in failed Silicon Valley Bank and Signature Bank won’t be protected. They knowingly took the risk’: US President Joe Biden
"They knowingly took a risk and when the risk didn’t pay off, investors lose their money. That’s how capitalism works,” said Joe Biden.
Another massive bank failure in USA: Regulators shut down New York’s Signature Bank, two days after authorities forced Silicon Valley Bank’s closure
The decision to shut down New York-based Signature Bank came on the heels of Silicon Valley Bank's failure on Friday
